Page 6 - Retail Sector

Apparel retail sector may witness 45% fall in revenues this fiscal: Report

The apparel retail sector is likely to witness a 40-45 per cent decline in revenues during 2020-21, and a demand recovery is expected in the festive season this year if Covid-19-related fears subside

Retail visits show a pickup, and other weekly economic indicator insights

Traffic data also showing positive signs

RIL's pre-tax profit dips 40% as Covid-19 hits energy, retail businesses

Net profit surges 31%, boosted by exceptional gain of Rs 4,966 crore from BP transaction

Europe's retail sector sees major shift as shoppers buy local due to Covid

Half of Britons in a YouGov survey of 1,032 people said they would now feel uncomfortable visiting an enclosed retail space like a shopping mall

Retail trade suffered Rs 15.5 trillion business loss due to Covid-19: CAIT

CAIT Secretary General Praveen Khandelwal said the domestic trade is passing through its worst period in the current century

Covid-19: Momentum in online, app-based sales to continue for retailers

Several retailers, which earlier started selling essential items - like food and grocery only - via online and app-based channels, have now started offering several items in general merchandise

Retailers in Tier-II, III towns expect recovery in 9 months: Motilal Oswal

More than 80% stores of regional retailers have opened in smaller towns after the relaxations in Covid-19 lockdown, with footfalls at 50-60%, Motilal Oswal Financial Services has said

Credit growth will come from retail, MSMEs: SS Mallikarjuna Rao, PNB MD

"MSMEs are working hard to come back to normalcy. We expect a robust comeback from them in October, particularly in some sectors"

RIL a net debt-free firm now, will rope in investors in retail biz: Ambani

As on March 2020, RIL had a net debt of Rs 1.61 trn and managed to turn itself net debt-free after raising Rs 1.68 trn via a 24.7% stake sale in Jio Platforms, and its rights issue

Retailers to gain from easier norms, recovery longer for malls, multiplexes

The relaxation also comes as a relief given that consumption segments were impacted by the slowdown even prior to Covid-19

Covid-19 impact on sectors: A two-quarter wait before growth picks up

The first of a three-part series highlights the issues faced by the auto, financial services, retail, and metals sectors

Entire sector may turn NPA, will need ventilator support: Retail body CEO

If the retail sector is supported with a package, it would have a positive ripple effect on the manufacturing sector and the supply chain, said RAI CEO Rajagopalan

How a bunch of outfits are still getting organic produce to your doorstep

Ritwik Sharma on the outfits that are bringing organic farm produce to your doorstep during the lockdown

Retail needs therapy: Future and fortunes of a business after coronavirus

Modern, organised retail is bleeding as the coronavirus pandemic keeps India indoors and shuttered. Arvind Singhal explains what it will take to get this business back on its feet

Economy needs more govt support

Lockdown was a brave decision. Now, policy-making requires a similar display of boldness

Only consumer goods may see green shoots amid coronavirus pandemic

The Covid-19 impact on various sectors of the Indian economy would depend on the longevity of the outbreak and the lockdown. Except for essentials in the consumer goods, most sectors would be impacted

Woodland banks on retail expansion to double sales to Rs 2,500 cr by 2025

Footwear and apparel brand Woodland, is expecting to double its sales in next five years to around Rs 2,500 crore, driven by retail expansion, a top company official said. The company, which is presently operating around 600 retail stores in around 250 cities, mostly owned by it, plans to add around 30 to 40 stores every year mostly in small cities. "Our topline was around Rs 1,250 crore (FY19) and is growing by 10 per cent every year, which is a quite healthy and sustainable," Aero Club Managing Director Harkirat Singh told PTI. Aero Club, maker of Woodland & Woods, expects to continue the same rate of growth for the coming 4-5 years and expects to double the turnover by FY25. Besides, Woodland, which presently gets around 12 to 15 per cent of its sales through e-commerce, from its own website and channel partners, expects significant growth in this space in the coming years. As part of its retail strategy, Woodland has adopted the omni-channel strategy by connecting, its offline

Budget 2020 wishlist: Here are the key challenges for retail sector

There are disparities in interpretation and implementation at all levels of the government

HCL Tech bets on strong demand across sectors to continue growth momentum

The company, which posted 15.5 per cent rise in revenue in the December quarter, is also seeing strong growth in the European and US markets.

Digital on-boarding key to retail growth, says Pine Labs' Kush Mehra

Fintech companies will need to design solutions with merchants in focus to encourage faster adoption, he says